Pampa Energía (NYSE:PAM) Hits New 52-Week High at $56.44

Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $56.44 and last traded at $56.28, with a volume of 34892 shares. The stock had previously closed at $54.86.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and upped their target price for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target on the stock in a research note on Tuesday, May 21st. Finally, StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Pampa Energía Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. The company has a market capitalization of $3.01 billion, a PE ratio of 7.02 and a beta of 0.99. The business’s 50 day simple moving average is $47.80 and its 200 day simple moving average is $45.64.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The company had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. As a group, analysts anticipate that Pampa Energía S.A. will post 8.95 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Several hedge funds have recently made changes to their positions in PAM. Millennium Management LLC lifted its holdings in Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares in the last quarter. Helikon Investments Ltd boosted its holdings in Pampa Energía by 32.0% in the fourth quarter. Helikon Investments Ltd now owns 622,566 shares of the utilities provider’s stock valued at $30,829,000 after purchasing an additional 151,000 shares during the period. Murchinson Ltd. acquired a new position in Pampa Energía during the 1st quarter worth $3,020,000. Ping Capital Management Inc. purchased a new stake in Pampa Energía during the 2nd quarter worth about $2,470,000. Finally, Banco BTG Pactual S.A. raised its position in Pampa Energía by 472.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 41,410 shares of the utilities provider’s stock valued at $2,015,000 after purchasing an additional 34,181 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.